CLO Securities definition

CLO Securities means debt securities, mezzanine securities, equity securities, residual interests or composite or combination securities (i.e. securities consisting of a combination of debt and equity securities that are issued in effect as a unit) including synthetic securities that provide synthetic credit exposure to debt securities, mezzanine securities, equity securities, residual interests or composite or combination securities (or other investments, including any interests held to comply with applicable risk retention requirements, that similarly represent an investment in underlying pools of leveraged portfolios), that, in each case, entitle the holders thereof to receive payments that (i) depend on the cash flow from a portfolio consisting primarily of ownership interests in debt securities, corporate loans or asset-backed securities or (ii) are subject to losses owing to credit events (howsoever defined) under credit derivative transactions with respect to debt securities, corporate loans or asset-backed securities.

CLO Securities has the meaning set forth in the recitals.

CLO Securities has the meaning set forth in the definition of “CLO Takeout”.

Examples of CLO Securities in a sentence

• It is anticipated that BGCF will eventually retain CLO Securities (including, for the avoidance of doubt, CLO Income Notes) in a number of CLOs, and in addition will continue to directly hold floating rate senior secured loans.

• High non-salt impurity content can lead to solution mining issues, and increased potential for roof falls.

• Structured Finance Instruments Scope: CLO Securities Execution Method:Alcentra will decide on a case-by-case basis which execution method will ensure the best possible execution for the client.

• BGCF’s payment obligations in respect of the Facility Agreement are satisfied by, among other sources, interest income on the loan assets which it holds in the BGCF Portfolio (and not from interest receipts on the CLO Securities it holds or assets added to Forward Purchase Agreements).

• BGCF Investment Objective, Policy and Strategy Investment Objective BGCF's investment objective, which is subject to change from time to time, is to provide stable income returns on debt it issues, whilst growing the capital value of its investment portfolio by exposure to a portfolio of predominantly floating rate senior secured loans and by holding securities in collateralised loan obligation transactions ("CLOs") which it establishes ("CLO Securities").

More Definitions of CLO Securities

CLO Securities means notes or similar securities secured principally by a portfolio of collateral that includes all or a material portion of the Collateral.

CLO Securities means the securities or other obligations issued by the CLO Issuers.

CLO Securities means any CLO Notes or CLO Preference Shares.

CLO Securities means debt securities, mezzanine securities, equity securities, residual interests or composite or combination securities (i.e. securities consisting of a combination of debt and equity securities that are issued in effect as a unit) including synthetic securities that provide synthetic credit exposure to debt securities, mezzanine securities, equity securities, residual interests or composite or combination securities (or other investments, including any interests held to comply with applicable risk retention requirements, that similarly represent an investment in underlying pools of leveraged portfolios), that, in each case, entitle the holders thereof to receive payments that (i) depend on the cash flow from a portfolio consisting primarily of ownership interests in debt securities, corporate loans or asset-backed securities or (ii) are

CLO Securities means the notes to be issued by the Issuer upon the closing of the CLO Offering.

CLO Securities means securities that entitle the holders thereof to receive payments that depend (except for rights and other assets designed to assure the servicing or timely distribution of proceeds to holders of the CLO Securities) on the cashflow from a portfolio of primarily commercial loans.

CLO Securities means a debt security that entitles the holder thereof to receive payments that depend primarily on the cashflow from a portfolio, the aggregate principal balance of which consists of at least 70% of commercial and industrial bank loans (subject to specified investment and management criteria), that is issued by an entity formed for the purpose of holding or investing or reinvesting in such loans and that by its terms converts into cash within a finite time period.